Premier Oil PLC Early exchange of convertible bonds (0664C)
January 17 2018 - 1:00AM
UK Regulatory
TIDMPMO
RNS Number : 0664C
Premier Oil PLC
17 January 2018
This announcement has been determined to contain certain inside
information. Upon the publication of this announcement via a
Regulatory Information Service ("RIS"), this inside information is
now considered to be in the public domain
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR
RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS OR
IN ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE
PROHIBITED BY APPLICABLE LAW
PREMIER OIL PLC
("Premier" or "the Company")
Early exchange of convertible bonds
17 January 2018
Premier is pleased to announce that, further to its announcement
on 11 January 2018, it has successfully concluded its invitation to
convertible bondholders to accelerate the exchange of the
outstanding convertible bonds (the "Bonds") into ordinary shares of
the Company.
The Company has accepted for exchange convertible bonds in
excess of US$180 million of the outstanding Bonds at a Final Offer
Consideration of US$50 per US$1,000 of the principal amount.
A further announcement will be made later today with full
details of the results of the invitation following confirmation of
all orders processed in the relevant clearing systems.
Enquiries:
Premier Oil plc
Tony Durrant, Chief Executive
Richard Rose, Finance Director
Tel: 020 7730 1111
Jefferies International
Limited
Jonathan Wilcox
Jason Grossman
Tel: 020 7029 8000
IMPORTANT NOTICE
THE DISTRIBUTION OF THIS PRESS RELEASE IN CERTAIN JURISDICTIONS
MAY BE RESTRICTED BY LAW. PERSONS INTO WHOSE POSSESSION THIS PRESS
RELEASE COMES ARE REQUIRED BY EACH OF THE OFFEROR, PREMIER OIL
FINANCE (JERSEY) LIMITED (THE "ISSUER"), THE DEALER MANAGER AND
DEUTSCHE BANK AG, LONDON BRANCH (THE "AGENT") TO INFORM THEMSELVES
ABOUT, AND TO OBSERVE, ANY SUCH RESTRICTIONS. THIS PRESS RELEASE
DOES NOT CONSTITUTE AN OFFER TO SELL OR BUY OR A SOLICITATION OF AN
OFFER TO SELL OR BUY THE BONDS OR ANY OTHER SECURITIES.
THIS PRESS RELEASE IS DIRECTED EXCLUSIVELY TO MARKET
PROFESSIONALS AND INSTITUTIONAL INVESTORS AND IS FOR INFORMATION
PURPOSES ONLY AND IS NOT TO BE RELIED UPON IN SUBSTITUTION FOR THE
EXERCISE OF INDEPENDENT JUDGEMENT. IT IS NOT INTENDED AS INVESTMENT
ADVICE AND UNDER NO CIRCUMSTANCES IS IT TO BE USED OR CONSIDERED AS
AN OFFER TO BUY ANY BOND NOR IS IT A RECOMMENDATION TO BUY OR SELL
ANY BOND.
NONE OF THE DEALER MANAGER, THE AGENT NOR ANY OF THEIR
RESPECTIVE AFFILIATES ACCEPT ANY LIABILITY ARISING FROM THE USE OF,
OR MAKES ANY REPRESENTATION AS TO THE ACCURACY OR COMPLETENESS OF,
THIS PRESS RELEASE OR THE OFFEROR'S OR ISSUER'S PUBLICLY AVAILABLE
INFORMATION.
THE DEALER MANAGER AND THE AGENT ARE ACTING ON BEHALF OF THE
OFFEROR AND NO ONE ELSE IN CONNECTION WITH THE INVITATION AND WILL
NOT BE RESPONSIBLE TO ANY OTHER PERSON FOR PROVIDING THE
PROTECTIONS AFFORDED TO CLIENTS OF THE DEALER MANAGER OR THE AGENT,
OR FOR PROVIDING ADVICE IN RELATION TO THE INVITATION. NEITHER THE
DEALER MANAGER NOR THE AGENT OWES ANY DUTY TO ANY HOLDER OF THE
BONDS.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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